The IPO comprised fresh equity of up to Rs 300 crore and an offer for sale of up to Rs 84.2 lakh worth shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.
JNK India IPO: The offer reserves 50% for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. The net proceeds will be allocated towards fulfilling working capital needs and other general corporate purposes.
JNK India is looking to raise Rs 649.47 crore through the IPO, a fresh issue of shares worth Rs 300 crore and an offer for sale of 84.21 lakh shares worth Rs 349.47 crore
JNK India IPO includes a fresh issue of 76 lakh shares worth Rs 300 crore along with an offer-for-sale (OFS) of 84 lakh shares valued at Rs 349.47 crore.